NASDAQ$CMRC
Commerce.com Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
BigCommerce's Q2 2024 financial results were announced, showing revenue growth and improved profitability.
BigCommerce reported Q2 2024 total revenue of $81.8 million, an 8% increase year-over-year. The company's total ARR reached $345.8 million, a 4% increase year-over-year, with enterprise ARR at $253.8 million, up 7% year-over-year. BigCommerce exceeded profitability expectations with operating cash flow of nearly $12 million.
- Total revenue increased by 8% year-over-year, reaching $81.8 million.
- Total ARR increased by 4% year-over-year, reaching $345.8 million.
- Enterprise ARR increased by 7% year-over-year, reaching $253.8 million.
- GAAP gross margin was 76%, compared to 75% in the second quarter of 2023.
Headline financials
Revenue & EPS history
BigCommerce · Revenue · Quarterly
$81.8M
Revenue by segment
BigCommerce · $78M total across 2 segments · Q3 2023
- Subscription solutions$58.7M+10.3%75.2%
- Partner and services$19.3M+0.9%24.8%
Forward guidance
For Q3 2024, BigCommerce expects total revenue between $82.0 million and $84.0 million, representing a year-over-year growth rate of 5% to 8%. Non-GAAP operating income is expected to be between $500 thousand and $1.5 million. For the full year 2024, total revenue is projected to be between $330.2 million and $335.2 million, a year-over-year growth rate of 7% to 8%. Non-GAAP operating income is expected to be between $10.7 million and $13.7 million.
Tailwinds
- Total revenue is expected to grow between 5% and 8% year-over-year for Q3 2024.
- Non-GAAP operating income is expected to be positive for Q3 2024.
- Full year 2024 total revenue is projected to grow between 7% and 8% year-over-year.
- Full year 2024 Non-GAAP operating income is expected to be between $10.7 million and $13.7 million.
- Revenue between $82.0 million to $84.0 million for the third quarter of 2024
Headwinds
- The financial outlook is based on assumptions that are subject to change and outside of the company's control.
- Actual results may vary from these assumptions.
- There is no assurance that the company will achieve these results.
- Company does not provide guidance for loss from operations, the most directly comparable GAAP measure to Non-GAAP operating income (loss).
- Company cannot provide a reconciliation between its forecasted Non-GAAP operating income (loss) and Non-GAAP income (loss) per share and these comparable GAAP measures without unreasonable effort due to the unavailability of reliable estimates for certain items.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-2.4%
Avg return
Earnings day
-2.7%
Avg return
5 days after
-2.9%
Avg return
30 days after
43%
10 / 23 earnings
Positive
+30.4%
Q3 2021
Best reaction
-32.1%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +23.3% | -1.0% | -2.1% | |
| Q4 2025 | -10.2% | +6.2% | +0.0% | |
| Q3 2025 | +0.6% | +11.1% | -0.6% | |
| Q1 2025 | +0.6% | +2.5% | +1.2% | |
| Q4 2024 | -6.7% | +2.7% | -10.5% | |
| Q3 2024 | +9.5% | +13.5% | +36.2% | |
| Q2 2024 | -23.8% | -27.4% | -27.7% | |
| Q1 2024 | +13.5% | +17.5% | +19.6% | |
| Q4 2023 | -4.8% | -4.7% | -11.8% | |
| Q3 2023 | -16.3% | -15.3% | -9.4% | |
| Q2 2023 | +20.4% | +9.0% | +8.2% | |
| Q1 2023 | +3.4% | +0.0% | +32.5% | |
| Q4 2022 | -18.9% | -15.6% | -24.4% | |
| Q3 2022 | -32.1% | -39.5% | -29.5% | |
| Q2 2022 | +3.3% | +4.4% | -15.7% | |
| Q1 2022 | +12.7% | +4.8% | +2.2% | |
| Q4 2021 | -13.7% | -17.3% | -12.3% | |
| Q3 2021 | +30.4% | +39.1% | -9.8% | |
| Q2 2021 | -8.7% | -9.9% | -14.3% | |
| Q1 2021 | -10.5% | -2.5% | +24.9% | |
| Q4 2020 | -10.5% | -16.5% | -23.7% | |
| Q3 2020 | -3.8% | -9.7% | -2.8% | |
| Q2 2020 | -12.8% | -14.3% | +2.5% | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro